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27 Results for Tag: premiums

Key Person Insurance

DefinitionKey person insurance, also commonly called keyman insurance and key man insurance or 'key employee insurance', is an important form of business insurance. There is no legal definit

Health Reimbursement Account (HRA)

Health Reimbursement Account (HRA) What is a 'Health Reimbursement Account - HRA' A health reimbursement account (HRA) consists of employer-funded plans that reimburse employees for incurr

Yearly Renewable Term (YRT)

Yearly Renewable Term (YRT) What is 'Yearly Renewable Term - YRT' A one-year term life insurance policy. This type of policy gives policy holders a quote for the year the coverage is bough

Yearly Renewable Group Term Insurance

Yearly Renewable Group Term Insurance What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a time and is reviewed o

Yearly Renewable Term Plan of Reinsurance

Yearly Renewable Term Plan of Reinsurance What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In the yearly

Yield Spread Premium

DefinitionA yield spread premium is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid

Malpractice Insurance

DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability insurance which helps

Cancelable Insurance

Cancelable Insurance What is 'Cancelable Insurance' This is insurance that may be canceled, at any time, by the insured party or by the insurance company. Aside from life insurance, most i

Call Premium

Call Premium What is 'Call Premium' Call premium is the dollar amount over the par value of a callable fixed-income debt security that is given to holders when the security is called by th

Qualifying Annuity

Qualifying Annuity What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA.
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